Matt Townsend: Latest News, Top News, Photos, Videos by Matt Townsend

Matt Townsend

The toymakers significantly reduced shipments in September as Toys ‘R’ Us teetered on the brink of filing. Photo: AP

Toys ‘R’ Us bankruptcy hangs over toymakers as holidays approach

1 min read . 28 Oct 2017

A file photo of Nike co-founder Phil Knight. Photo: Reuters

Nike co-founder Phil Knight says not even Tiger Woods could make golf profitable

2 min read . 29 Jun 2017

Kenyan long-distance runner Eliud Kipchoge finished the marathon in 2:00:25. Photo: Reuters

Kenya’s Eliud Kipchoge misses breaking 2-hour marathon mark by 25 seconds

3 min read . 06 May 2017

American Apparel filed for its second bankruptcy within a year in November with the intent to sell the company.

Amazon and Forever 21 said to consider bidding for American Apparel

1 min read . 05 Jan 2017

Online sales surged 14% on Thanksgiving, and websites such as Target.com had their biggest day ever during the holiday. Photo: AP

Black Friday dies a slow death as shoppers migrate online

3 min read . 28 Nov 2016

Yahoo will be left with its stakes in Alibaba Group Holding Ltd and Yahoo Japan Corp., with a combined market value of about $40 billion. Photo: Bloomberg<br />

Verizon said to buy Yahoo in $4.8 billion deal

2 min read . 25 Jul 2016

A file photo of Procter & Gamble’s downtown Cincinnati headquarters. Photo: Bloomberg<br />

P&G names David Taylor to CEO job; Lafley to be executive chairman

3 min read . 29 Jul 2015

Target’s retreat, announced Thursday, is a late Christmas present for Wal-Mart Stores, which has already enjoyed more success in Canada than many of its overseas markets. Photo: Bloomberg<br />

How Wal-Mart beat target in Canada: low prices, long underwear

3 min read . 16 Jan 2015

Wal-Mart will also reduce online prices on 3 November for a 24- hour period, featuring what it described as 15 deals that are comparable to the ones found on Black Friday. Photo: AFP<br />

Wal-Mart to cut prices on 20,000 items to spur sales

1 min read . 31 Oct 2014

The new mobile payment system linked to the iTunes will be unveiled on 9 September along with the next iPhone. Photo: AFP<br />

Apple said to partner Visa, MasterCard for iPhone wallet

2 min read . 02 Sep 2014

Without specifically naming the iPhone 6, the company said it didn’t expect a huge lift from phones released this year because so many consumers already have them and Best Buy is uncertain about how much inventory it will get. Photo: Reuters<br />

Best Buy tempers iPhone 6 excitement with tepid forecast

3 min read . 27 Aug 2014

Net income in the quarter ended May 31 rose 5.4% to $698 million from $662 million a year ago, the Nike said on Friday in a statement. Photo: Bloomberg <br />

Nike profit exceeds estimates as North American sales gain

2 min read . 27 Jun 2014

Next month, Amazon.com Inc. will start selling a smartphone that will allow shoppers to scan a product in a mall and purchase it from the company’s online store, giving retailers another reason to fear their most potent web rival. Photo: Bloomberg<br />

Millennials shunning malls speed web shopping revolution

6 min read . 26 Jun 2014

Barnes & Noble, a bookstore chain with almost 700 stores, has been scaling back its investments in the money-losing Nook unit after earlier tablet models flopped with consumers. Photo: AFP<br />

Barnes & Noble to create co-branded Nook tablets with Samsung

1 min read . 05 Jun 2014

Hasbro’s turnaround with girls started with the My Little Pony line. Photo: Bloomberg<br />

Hasbro shows off girl power as division’s sales triple

4 min read . 19 Feb 2014

A file photo of William Lynch. He also stepped down from the firm’s board. Photo: AFP<br /> (AFP)

Barnes and Noble’s CEO William Lynch resigns after sales decline

3 min read . 09 Jul 2013

The company expects Nook Media to keep funding itself with the reduction in costs from ceasing tablet production. Photo: Shannon Stapleton/Reuters.<br /> (Shannon Stapleton/Reuters.)

Barnes & Noble’s tablet exit seen accelerating Nook spinoff

4 min read . 27 Jun 2013

While Nike’s sales rebounded after the recession, with revenue surging 16% to $24.1 billion in the fiscal year ended in May 2012, growth has slowed in the past three quarters. Photo: Bloomberg<br /> (Bloomberg)

Nike’s second-in-command to retire amid management overhaul

2 min read . 21 Jun 2013

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